Because a trust can help accomplish so many estate planning goals, it is common to find at least one trust agreement in the average estate plan. If you choose to establish a trust, that trust may own taxable assets, including real property. If so, you need to have a clear understanding of how trust property is taxed in the event it is sold or transferred out of the trust. The Grand Forks trust lawyers at German Law Group explain when capital gains taxes could be due upon the sale or distribution of rust assets. Capital Gains Tax Fundamentals Capital gains [Read more…]

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